I’m sure that the reader I mentioned came to me with this idea simply because nothing strikes greater fear into many physicians’ hearts than the thought of a malpractice suit resulting in a jury award greater than what the malpractice insurance policy will cover.

Stories abound regarding awards of $1.5 million and more, and yet, our policy limits generally provide for $1 million in coverage per occurrence, $3 million in aggregate. Consequently, physicians may worry that plaintiff’s lawyers will come after their personal assets in an attempt to cover the difference.

Interestingly, however, malpractice litigation is not the most pressing reason for a physician, a nurse, or any other healer to take a look at how they protect themselves from a claim against their savings and other assets… [continued]